Pitango Partner Predicts Israel’s Tech Scene Will Only Start to Improve in Late 2020

Israel’s tech scene will start to rebound from the coronavirus (Covid-19) pandemic only in the fourth quarter of 2020, according to Aaron Mankovski’s personal prediction. Mankovski is the managing general partner at Pitango Venture Capital.

“It is unclear exactly at what pace, but that is my personal belief,” he said.

“I don’t think that this Covid-19 is going to wipe out entire industries,” Mankovski said in an interview that was conducted as part of Google and Calcalist’s Startup Week conference.

Founded in 1993 and based in Herzliya, a town in the Tel Aviv area, Pitango has more than $2.3 billion in assets under management. Pitango’s more than 250 portfolio companies include ridesharing company Via Transportation Inc., location-based recommendation app Foursquare Labs Inc., and Nasdaq-listed cybersecurity firm ForeScout Technologies Inc.